on the issue of money market funds, i'm happy to report that craig lewis and his fine staff in our economic analysis division have completed the rigorous studies and economic analysis that a bipartisan majority of commissioners have long ago asked for in advance of considering a new rule making. we are currently working with economic analysis staff in the division of investors not shape a reform proposal base odd then that rigorous economic analysis. separately, i'm encouraged by chairman walters' commitment even as we continue to implement the mandate to focusing as well on the everyday core blocking and tackling issues that affect investors most. in the coming months, i look forward to working together to address the commission's priorities both short-term priorities such as the long overdue amendment to the commission's net capital and customer protection rules, and longer term ones such as engaging in a formal, thorough evaluation of equity market structure issues, last done in a comprehensive manner in the for the recent talk and gridlock, notwithstanding with our party and policy diff